Ross company paid current month's rent, $1300. which accounts are affected

An advantage I have a credit card is that you can’t spend more money than you actually have

tino4ka555 [31]

False credit card is taking credit (money) from the bank to pay back w interest plus when you dont pay it back you go in debt therefore ultimately leading to bankruptcy

6 0

3 years ago

The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Co

ale4655 [162]

Answer:

(a) the earnings per share = $3

(b) the price-earnings ratio = 8x

(c) the dividends per share = $0.25

(d) the dividend yield = 1.04%

Explanation:

Common Stock Outstanding = 5,250,000/25 = 210,000 shares

Preferred Stock Outstanding = 6,000,000/200 = 30,000 shares

Preferred Stock Dividend per share = $4

(a) Earnings Per Share

EPS = Net Income - Preferred Dividend

Common Stock Outstanding

EPS = 750,000 - (30,000 * 4)

210,000

EPS = 630,000

210,000

EPS = $3

(b) Price-Earnings Ratio

Market Price = $24

EPS = $3

P/E ratio = Market Price

EPS

P/E ratio = 24/3

P/E ratio = 8x

(c) Dividends Per Share

DPS = Total Dividends

Common Stock Outstanding

DPS = 52,500/210,000

DPS = $0.25

(d) Dividend Yield

DY = Dividend Per Share

Price

DY = 0.25/24

DY = 1.04%

6 0

4 years ago

Procter & Gamble determined that its Thermacare Heat Wrap was underperforming and lacked a desired level of growth potential

Kamila [148]

Answer:

Decline

Explanation:

there are four stages of product life cycle

1. introduction

2. growth

3. maturity

4. decline

In decline stage growth declines as a result of decrease in demand. The best decision at this stage is to divest the asset. Since Thermacare heat wrap was under performing it must be in decline stage and divestment of the brand was done by Procter and Gamble

3 0

3 years ago

In a balanced budget, the amount you ______ is ______ the amount you earn.

Anit [1.1K]

Answer:

Answer is b

Explanation:

brainliest maybe?

5 0

2 years ago

Read 2 more answers

Van, a friend of yours from high school, recently called. He asked if you could explain to him how the value of his portfolio wo

12345 [234]

Answer:

Van is asking about Investment area of finance.

Explanation:

The developments reported can affect the market sentiments generally.
The service provided by the Finance professional to his investor friend in the given context is advice regarding Investments.
A investment is a resource or thing gathered fully intent on creating pay or acknowledgment.
In a monetary viewpoint, a venture is the acquisition of merchandise that are not devoured today however are utilized in the future to produce abundance

Learn more about investment, refer :

brainly.com/question/14847954

6 0

3 years ago

Ross company paid current month's rent, $1300. which accounts are affected​

Ross company paid current month's rent, $1300. which accounts are affected